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Nothing is more important to a person than the feeling that their family is financially secure - at all times. Though frightening, the thought that your family will not be financially burdened in case of your un-timely death, gives you and your family some respite to know at all times that YOU have planned for such an event too. Hence it is very important that you get the best life insurance policy for yourself - both in terms of price and features.

At MyInsuranceClub.com, we display the list of life insurance plans that are available based on your requirements. You can compare life insurance policies - both price and the features and select the life insurance policy that suits your requirements the best. Life insurance quotes from different life insurance companies are displayed - the policies with the cheapest premiums being displayed on top. We do not sell insurance and hence we do not have any incentive to push any particular insurance policy to you. We take pride in the fact that we could help you select the best life insurance policy.

About Life Insurance

Why is Life Insurance so important?

Life insurance is usually taken by the earning member(s) of the family to ensure that in case of their death,

and hence their source of income ceasing to exist, the dependent family members would have a lump-sum amount to fall back on. So by paying a small amount every year the earning member of the family can ensure that the future of their loved ones is absolutely secure from a financial point of view. So in the event of death of an insured person, the nominee of the policy would receive an amount called the sum assured which can then be used effectively to plan for their future.

Life insurance is absolutely critical for everyone irrespective of the amount of income you currently earn,

to keep paying the monthly EMIs of the home loan!

Direct Benefits of taking a Life Insurance Plan

Provides for Loss of Income - In case of the policy holder’s death, the dependents will suddenly be left

without a constant source of income. The future requirements of the dependent members too would be hugely compromised with them having to settle for options which are not as good as you would have wanted if you were around. With a good amount of life insurance cover you can ensure that your family is not left high and dry along with emotional trauma of your absence. It is one of the most important reasons for taking a life insurance policy.

Protects your Assets - In your absence, your family should not have to resort to selling the assets which

you accumulated with your hard work. In the event that there is no source of income your family would have to sell assets like land, home, vehicle, jewellery which you had so lovingly purchased. The comforts you wanted to provide to your family should not be taken away from them to make do for their day-to-day living. In case you are adequately ensured, all your loans and your family’s financial future would be well taken care of.

Financial Planning - Life insurance policies can also be taken for sound financial planning depending on

your requirements and risk appetite. For the conservative investors there are a host of traditional policies like money back insurance policies and endowment plans to provide income to you at regular intervals of time. The more market friendly investors can choose ULIPs (Unit Linked Insurance Plans) to plan their future. There is a higher element of risk involved with ULIPs but the gains too can potentially be on the higher side. Ideally each individual should assess their requirements and choose their investment options and time horizon.

Tax Savings - One of the key reasons, people buy life insurance is to avail tax benefits under section 80C

up to the limit of Rs. 1,00,000 annually. Money paid as premium of Life Insurance policies is exempted from income tax and the proceeds from a life insurance policy on maturity also get tax exemption under section 10(10D) of the income tax.

Know more about Life Insurance

Life Insurance is quite an important aspect of one’s financial planning. It is critical to know all you can about Life Insurance before purchasing the policy. Check out some of our links which may be useful to you

Types of Life Insurance

Term Insurance Policy Child Life Insurance Policy Whole Life Insurance

Policy

Pension (Retirement) Insurance Policy Endowment Insurance

Policy

Unit-linked Insurance Plan (ULIPs)

Money Back Insurance Policy

Other Useful Links

Life Insurance Companies in India

Visit our Life Insurance Blog

Who should take Life Insurance?

Riders in Life Insurance policies

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Life Insurance Plans from Birla Sun Life Insurance

Click on the individual plans to read the Product Details. BSLI here stands for Birla Sun Life Insurance.

Term Insurance Plans Unit Linked Plans (ULIPs)

Birla Sun Life Protector Plan Birla Sun Life Platinum Advantage Birla Sun Life Protector Plus Plan Birla Sun Life Dream Endowment Birla Sun Life Premium Back Term Plan Birla Sun Life Foresight Plan

Compare Term Plans Birla Sun Life Wealth Secure Plan Birla Sun Life Classic Endowment

Endowment Plans Birla Sun Life Wealth Max Plan Birla Sun Life Bachat Endowment Plan Birla Sun Life Classic Life Plan Birla Sun Life Rainbow Plan Birla Sun Life Dream Life Plan

Birla Sun Life Guaranteed Bachat Plan Compare ULIPs

Birla Sun Life Money Back Plus

Compare Endowment Plans Annuity Plan

Birla Sun Life Immediate Income Plan

Money Back Plan

Birla Sun Life Bachat Money Back Plan Whole Life Plans

Compare Money Back Plans Birla Sun Life Vision Plan

Child Plans Health Plans

Birla Sun Life Bachat Child Plan Birla Sun Life Universal Health Plan Birla Sun Life Classic Child Plan – ULIP Birla Sun Life Saral Health Plan - ULIP

Birla Sun Life Dream Child Plan - ULIP Birla Sun Life Health Plan

Compare Child Plans

Withdrawan Plans

Term Plans: BSLI Term Plan, BSLI High Net Worth Term Plan Retirement Plans: BSLI Secure 58 Plan

BSLI stands for Birla Sun Life Insurance

Aditya Birla Group has established a strong financial presence in India through Aditya Birla Financial

Services Group with expertise in a wide array of products which include wealth management, consumer finance, broking, lending and private equity. The Aditya Birla Group is common and trusted name in India with decades of presence in sectors ranging from cement, metals, textile, telecom and retail business to name a few. Sun Life Financial is a Canadian based financial services conglomerate with a major chunk of its business in theinsurance domain with a history of over 140 years and hence provides the much needed expertise to this joint venture in India.

Birla Sun Life Insurance Company has a vast distribution network of almost 600 branches across India

reaching out t more than 1500 towns. The already established companies of the Aditya Birla Financial Services Group give it the expertise and reach to service and add more consumers to the life insurance business. The company has a wide array of life insurance products catering to all aspects of a person’s life from traditional plans to unit linked market plans. They have had Virendra Sehwag and Yuvraj Singh as their branch ambassadors endorsing life insurance products of Birla Sun Life.